Central Asia Metals Share Discussion Threads

[1knocker] 22/3/2023 13:06

PS Bozzy, I hope you got out of FXPO. It defied gravity for a surprisingly long time, and was a decent trading share for some time following the invasion, but I have seen no joy in getting back in since my last sale in the 160s. Those ho sold as the war clouds loomed and got back inches afterwards, picked up a couple of dividends and traded it for a bit did well. Those who simply held must have taken a very cold bath.

[1knocker] 22/3/2023 10:07

Bozzy, I hope you are right, as I topped up recently (a further 35% at 248).

TGA is a great company, in a sector which is booming (more coal mined and burned worldwide last year than in any year in the entire history of the world) but finds it difficult to raise money from lenders polishing their ESG credentials. That raises barriers to production expansion in the sector which in time would depress the coal price. The fly in the ointment is the woeful state of the South African railways and ports TGA has to rely upon to move the coal it mines. I liked TGA's recent purchase of an Australian mine. A sensible diversification into a mining friendly jurisdiction where the infrastructure is not coming apart at the seams!

Have a look at DEC too. If it is decent bet (and as it is my largest holding, I at any rate believe it is) the present is the best buying opportunity for years.

[bozzy_s] 22/3/2023 01:08

Hoping for 14-16p. Interim was up from 8 to 10. Final should therefore hopefully be lifted from 12.

If it's a modest 14p, that gives a full-year yield of 9.2%, with the possibility of a raise next year.

Edit: Hi 1knocker! We meet up on another very high yielding share! Hopefully this doesn't go the same way as FXPO. The other high yielder I have is GKP, which is paying a ridiculous 41.5% ..... 73p in dividends received between 6th Apr 22 and 5th Apr 23.

I think you mentioned Thungela somewhere. Haven't bought yet, but they're probably next on my shopping list. Similar ridiculous dividend yield and P/E ratio to GKP. Both would be decent value at quadruple the price.

[cshfool1] 21/3/2023 16:18

Anyone have any thoughts about a possible estimate of the Final Dividend?

csh

[kael] 20/3/2023 16:11

Given the amount of coordinated printing going on, I imagine any major fails are going to be bailed out regardless.

[1knocker] 20/3/2023 13:32

There is either a lot of very good merchandise on the 'Sale' rack at present, or something very nasty is coming down the pike. Important to check the labels, and avoid the stuff like Credit Suisse marked 'discontinued line'.

[bluemango] 20/3/2023 13:11

Results next Wednesday

[bluemango] 20/3/2023 09:06

In current market turmoil, this is the only one of my portfolio showing blue in daily moves today

[kael] 16/3/2023 18:21

Not wanting to be left out I also added today ?

[baddeal] 16/3/2023 17:24

I also added today

[zho] 16/3/2023 14:58

Email from Proactive:

You are warmly invited to participate in the Proactive ONE2ONE investor forum which is taking place on Thursday 30th March from 17:45 onwards at The Chesterfield Mayfair Hotel (35 Charles Street, Mayfair, London, W1J 5EB)

CAML and three other companie will be presenting.

[1knocker] 16/3/2023 10:33

I topped up my holding by 35% this morning at 248.5
By tomorrow I shall probably be regretting not holding off longer, but provided the dividend holds we are well paid sitting tight on CAML.

[lauders] 14/3/2023 01:57

Are you depressed over....... seeing these constant spammy messages about a certain female? Yes! Wish they would stop! Another filtered.

Meanwhile this article from Valentines Day this year mentions CAML and the dividend:

While we are bullish on Antofagasta’s long-term prospects, it is already trading well above its five-year average forward price/earnings ratio, at 29 times. The smaller copper-exposed companies are less expensive – Atalaya Mining (ATYM) trades at 7.5 times 2023 earnings, albeit with a much smaller dividend, and Central Asia Metals (CAML) is at 9.2 times.

The advantage of a copper miner over an exchange traded fund (ETF), for example, is the dividend yield, although admittedly the ETF can’t have its operations shut down by a freak weather event or community blockade.

[zangdook] 13/3/2023 19:22

Fool is a complete waste of bandwidth since they closed their discussion boards.

[scrwal] 13/3/2023 12:20

Fool make loads of mistakes on their "yields" even including buy backs in the % shown.
They were reviewing a share , forget name, saying how good the yield was so I looked into it only to find an rns 3 months earlier stating a change in dividend payments which halved the yield quoted by Fool.

[cshfool1] 13/3/2023 10:52

mentioned on fool.co.uk as a possible dividend focused share investment quoted at 5.7% yield, "without a cut."

I can only assume that the writer has used 8p+8p for the dividend and not 12p+10p, however although the share price, nor payout is not given but that seems a plausible error.

I make it 22p/259p = 8.49% without a cut.



Anyway I will drop them a note to clarify.

csh

[zho] 03/3/2023 11:09

>>Worth watching by shareholders here>>

Yes, well worth watching, albeit that the implications are pretty grim.


GoRozen's recent Q4 2022 commentary has a couple of pages on copper, from p.35:

[bluemango] 16/2/2023 20:27

Interesting video on energy transition, demand vs supply etc. Worth watching by shareholders here, for the frequent mention of copper and predictions of demand in coming years (and therefore the impact on pricing). With thanks to tonynorstrom1 on LSE.

[1knocker] 03/2/2023 21:45

I would welcome a decent pull back first, as I want to top up!

[kael] 02/2/2023 12:26

No brainer it breaks out to the upside and enters new range, just a question of time.